Credit dealers increase investment in ops

Credit dealers upped their annual spend on operations processing by a third in 2005, according to a new survey from data provider Markit. In a year when both the UK's Financial Services Authority and the New York Federal Reserve warned banks to resolve soaring volumes of unconfirmed trades, the survey found technology investment was up 33% to an average of $33 million per institution in 2005 compared with $25 million in 2004. Banks also upped headcount in credit operations by 25% over the co

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: